Insurance Journal
Boar’s Head Provisions was hit with a proposed consumer class action lawsuit in New York federal court on Thursday, a day after it expanded its recall to more than seven million pounds of deli meats and other products over concerns …
Posted: Aug 02, 2024
Ambac Financial Group said it has completed the acquisition of a 60% controlling stake in London-based Beat Capital Partners for about $282 million, up to $40 million of which will be paid in shares of Ambac common stock. The deal …
Posted: Aug 02, 2024
Former reality TV star Fredrik Eklund zips up and down Miami in a lilac Rolls-Royce with a turquoise interior, hunting for multi-million-dollar homes for the rich and powerful. That is, when he’s not stuck in the gridlock. Eklund, 47, is …...
Posted: Aug 02, 2024
The National Hurricane Center is keeping an eye on a tropical wave that could strengthen over the weekend, bringing heavy rain to parts of Florida. Gov. Ron DeSantis declared a state of emergency for 50 Florida counties ahead of the …
Posted: Aug 02, 2024
Firefighters have increased containment on the Park Fire near Chico, California, which at 621 square miles as of Friday is now the fourth largest wildfire in history. The fire, which covers parts of four counties—Butte, Plumas, Shasta and Tehama—has...
Posted: Aug 02, 2024
Ryan Specialty, a publicly traded provider of specialty products for insurance agents, brokers and carriers, has agreed to buy US Assure Insurance Services of Florida, a company specializing in builder’s risk insurance. Based in Jacksonville an...
Posted: Aug 02, 2024
Marsh McLennan Agency, a business of Marsh and a leading provider of business insurance, employee health & benefits, retirement & wealth, and private client insurance solutions across North America, today announced the completion of its previ...
Posted: Aug 02, 2024
A scuba dive boat captain was ordered to pay about $32,000 in restitution to the families of three of the 34 people killed in a fire aboard the vessel in 2019. Jerry Boylan’s criminal negligence as captain of the Conception …
Posted: Aug 02, 2024
Johnson & Johnson, a managing general agency working in 48 states, has acquired Strickland General Agency in Suwanee, Georgia, J&J announced. The deal closed July 31. Terms were not disclosed. Strickland, known as SGA, is a multi-line excess...
Posted: Aug 02, 2024
Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses, Guy Carpenter said the insured losses from the CrowdStrike outage is likely between $300 million and $1 billion. The leading …
Posted: Aug 02, 2024
Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses, Guy Carpenter said the insured losses from the CrowdStrike outage is likely between $300 million and $1 billion. The leading …
Posted: Aug 02, 2024
DeCotis Specialty Insurance, headquartered in Providence, Rhode Island, named Jessica Wrigley as director of commercial lines. Wrigley’s responsibilities include overseeing the commercial lines division, managing key customer and carrier relati...
Posted: Aug 02, 2024
When Michigan farmer Clara Ostrander heard about the benefits of hosting a solar energy project, she remembered something her father had told her four days before he died: Don’t sell the farm. Keep it in the family. Skeptical at first, …
Posted: Aug 02, 2024
Vermont’s governor said Wednesday that the latest storms to hit the state have undone much of the cleanup and recovery work from its last major bout of flooding only weeks ago, and he called on residents to “stick together” amid ...
Posted: Aug 02, 2024
AI music startup Suno is pushing back against the world’s biggest record labels, saying in a court filing that a lawsuit they filed against the company aims to stifle competition. In a filing Thursday in federal court in Massachusetts, Suno ...
Posted: Aug 02, 2024
Chevron Corp. is relocating headquarters to Houston from California after repeatedly warning that the Golden State’s regulatory regime was making it a tough place to do business. The move announced Friday will end the company’s more than...
Posted: Aug 02, 2024
Orion180 has announced its expansion into the Buckeye State. According to a press release, the company now offers homeowners insurance services and coverage in Ohio through Orion Select Insurance Co., Orion180’s admitted insurance carrier. Orio...
Posted: Aug 02, 2024
AIA Group Ltd. was subject to a record fine of HK$23 million ($2.9 million) by the Insurance Authority for anti-money laundering oversight, as the city’s regulators steps up scrutiny of the industry. An on-site inspection by the regulator found...
Posted: Aug 02, 2024
Tesla registered an insurance broking firm in China at the end of July, based on a national corporate information database, in a sign that the U.S. automaker may be trying again to gain approval to sell insurance products in the …
Posted: Aug 02, 2024
This post is part of a series sponsored by PCF Insurance Services. PCF VP of Operations Benefits, Kirk Benson, teamed up with Joey Mattingly, Vice Chair of Research at the University of Utah College of Pharmacy, to discuss the impact …
Posted: Aug 02, 2024
A hacking group believed to be linked to the Chinese government stole passwords and documentsfrom a Taiwanese government-affiliated research center that specializes in computing, cybersecurity researchers at Cisco Systems Inc. said Thursday. The atta...
Posted: Aug 02, 2024
BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of its AXA Investment Managers arm at an agreed price of 5.1 billion euros ($5.50 billion), the euro zone’s biggest bank said on Thursday. For BNP, such …
Posted: Aug 02, 2024
The recent outage on Microsoft Corp.’s cloud-computer platform demonstrated the persistence of an older, blunt-force style of cyberattack. It’s called a distributed denial-of-service attack, DDoS for short, and it works by directing massi...
Posted: Aug 02, 2024
Today may be the day when the impossible becomes possible—based on the number of headlines in recent days saying pretty much that. A slew of recent articles this week focus on studies and research reporting on how unlikely the weather, …
Posted: Aug 02, 2024
Apple on Thursday asked a U.S. judge to dismiss a lawsuit by federal and state antitrust regulators accusing it of illegally monopolizing the smartphone market, saying the case would have a judge redesign its popular iPhone. The Justice Department, 1...
Posted: Aug 02, 2024